Blog

11 Sep

The Blockchain Healthcare Market May Reach $1.6 Billion in Value by 2025

By Daniel Zo Blockchain, Healthcare Read Comments

At this time, it is widely accepted that blockchain technology represents a high-value market, thanks to its huge potential. In general, benefits include reduced costs, increased profits, quicker transactions, and overall trustworthiness.

However, it is very likely that blockchain technology will save hundreds of thousands of lives throughout the world, as it is integrated within the healthcare system. To put things better into perspective, a study conducted by Global Market Insights, a consulting firm, concludes that the value of the health-related blockchain market will surpass $1.6 billion by 2025.


Read More
18 Jul

Inside Brazil’s Plans to Ensure that Future Diplomats are Versed in Blockchain Technology

By Daniel Zo Blockchain, Brazil Read Comments

It seems that at this time, more of the world’s countries are acknowledging the potential of cryptocurrencies and blockchain technology. While the regulatory trend is still underway, several nations are taking things one step further, and preparing for a world where crypto and blockchain play an active role in everyday life.

According to recent reports, the Brazilian Diplomatic Academy, named the Rio Branco Institute, has made several changes to its admissions policy, thus also introducing the requirement for candidates to be well-versed with digital currencies and blockchain technology.


Read More
10 Jul

China’s Central Bank Blockchain Financial Trading Platform Processes Over $4 Billion

By Daniel Zo China, Blockchain, Bank Read Comments

While China has actively iterated its negative opinion on cryptocurrencies, the Asian nation is actively looking for ways to implement blockchain technology in its daily financial operations.

According to recent reports, not long ago, the People’s Bank of China (PBoC) has developed a blockchain-based financial trading solution that would be used to process a variety of transactions, with the focus being put on foreign currency exchanges. Now, the system has been in use for a while, and the PBoC recently issued a press statement, mentioning that the blockchain platform has processed over $4.36 billion-worth of foreign exchange transactions.


Read More
01 Jul

Recent Changes on Cryptocurrency Legislation in Iran, Russia and Malta

By Daniel Zo Malta, Russia, Iran, Blockchain, Mining, Ban Read Comments

The worldwide cryptocurrency and blockchain regulatory framework is undergoing constant changes, backed by big perspective differences, resulting in friendly and anti-crypto laws.

As such, this article will cover 3 recent developments on the crypto regulatory trend, being carried out in Iran, Russia and Malta.

Iranian Crypto Miners Are Threatened with Power Cuts

Not long ago, Iran’s Deputy Energy Minister has shared his opinion on digital currency mining, and states that miners should be charged higher rates for their power usage. At that time, he also mentioned that subsidies should be cut to zero.

Unfortunately, the situation has gotten worse. Based on this, Iran’s state-sponsored power company, Tavanir, has warned cryptocurrency miners that they will be detected and that power cuts will be carried out. The argument behind this threat is that Iran’s power consumption has reportedly increased by 7% on a yearly basis, due to the vast increase in local crypto mining operations. Additionally, a new framework that makes utilizing the national power grid for mining operations has been implemented.


Read More
25 Jun

Inside SWIFT’s Blockchain-Based Payment Platform for Banks

By Daniel Zo Blockchain, SWIFT Read Comments

Blockchain technology has often been well-praised for its ability to facilitate instant cross-border transactions. However, at this moment in time, while most banks are researching the benefits of blockchain, no system of this kind has been implemented yet.

A recent announcement made by SWIFT, the world’s biggest global interbank messaging platform, may make blockchain-based bank-supported cross-border payments a reality. As such, the SWIFT announcement mentions that blockchain firms will soon be able to leverage the Global Payments Innovation (GPI) platform to carry out instant payments.


Read More
12 Nov

Study Shows that Private Blockchains Might be Compatible with EU GDPR Privacy Rules

By Zach Blockchain, EU, GDPR Read Comments

As you may already know, blockchain technology has massive potential to disrupt numerous industries throughout the world. However, the worldwide adoption of the technology is only possible with a supportive regulatory framework.

A study carried out by the University of Cambridge in partnership with the Queen Mary University of London, discusses whether private blockchains are compatible with the recently-adopted European Union GDPR privacy law.

To put things better into perspective, the GDPR law is responsible for regulating how personal data of EU citizens is stored and processed. As such, all companies that control personal data operating within the EU must respect a set of rules concerning the storage, transfer and use of personal data. Failure to do so leads to a fine as large as €20 million EUR, or a percentage of the global revenues obtained by the company breaching the law.


Read More
07 Oct

United Nations Food Programme Leveraging Blockchain Technology for Supply Chain and Identity Management Purposes

By Daniel Zo Blockchain, WFP, Africa, UN, Read Comments

The potential of blockchain technology for supply chain purposes has often been praised by experts throughout the world. Now, recent reports indicate that the United Nations World Food Programme, commonly known as the WFP, will begin blockchain-based supply chain management testing in Africa.

With this in mind, the WFP has tested out a similar system for refugee aid purposes in the Middle East. With the project’s newest implementation, blockchain technology will be used to track food delivery in the east African region. More exactly, the blockchain network will track food shipments arriving in Djibouti, on their way to Ethiopia, where the UN’s main food operation camp is located.


Read More
26 Sep

MasterCard Files Several Blockchain-Related Patents as Interest Grows

By Daniel Zo Blockchain, Mastercard Read Comments

MasterCard’s interest in blockchain technology has been peaking over the last couple of months. Now, recent reports indicate that the payment services giant is considering the use of blockchain to better keep track of consumer payments.

According to a recent patent filing, published by the U.S. Patent and Trademark Office, MasterCard explains how distributed ledgers can instantly record point-to-point transactions. The afferent data can then be used by organizations to compile logs consisting of purchased items.


Read More
17 Aug

South Korean Government Allocates $880 million to Innovative Technologies like Blockchain

By Daniel Zo South Korea, Blockchain Read Comments

According to recent reports, South Korea’s interest in blockchain technology is peaking, granted that the government has recently decided to allocate a total of $880 million towards the development of innovative technologies, such as blockchain, big data and artificial intelligence.

In a government press release, it was stated that the deputy Prime Minister, Kim Dong Yeon, held a ministerial meeting on the 13th of August, to discuss the country’s investment plans in innovative technologies for the following five years.


Read More
20 Jul

UK Barclays Corporate Bank Files Two Crypto Patents

By Daniel Zo Barclays, Blockchain, Crypto, Patent Read Comments

According to recent reports, the U.K Barclays bank, which is likely the biggest international corporate bank, has filed two crypto-related patents with the United States Patent and Trademark Office. The decision showcases the existence of a trend among companies, which are actively trying to gain exclusivity over future crypto market technologies.

With this in mind, the first patent is related to ‘a system for transferring cryptocurrency from a payer to a recipient, comprising receiving an identifier of data describing the first entity’. On the other hand, the second patent represents a method and system that ‘records data describing a first entity, the data endorsed by a second entity comprising the second entity validating data describing the first entity, wherein an identifier is associated with the data, the identifier being generated from a public key of the first entity.’


Read More
Welcome! Should you have any questions, please don't hesitate to ask here.
Support
Typing ...
Chat started